PRESS RELEASE
BEMCO signs finance agreement for $275 million

BEMCO Contracting Company, a company specialized in construction of industrial and power projects and public utilities, announced that it has signed a financing agreement for USD 275 million, (QAR 1 billion) in a club deal with 5 international and Gulf banks, lead by CALYON Corporate and Investment Bank.
 
 
 

BEMCO was formed in 1975 as an Electrical and Mechanical Contracting Company. Thereafter, BEMCO expanded its construction knowledge and experience to become a world-class Turnkey Contractor in industrial, Power and Commercial Projects. Under this expansion, BEMCO has undertaken the largest and most challenging turnkey projects in Saudi Arabia.

BEMCO, as a Turnkey Contractor, comprises full-scale and integrated capabilities in Engineering, Procurement, Construction, Start-up, Commissioning and Fabrication.

BEMCO has faced and met modern engineering and construction challenges by successfully implementing major Power, Industrial and Commercial projects in Saudi Arabia and the Region with various state-of-the-art technologies as well as working in conjunction with renowned international engineering, construction and manufacturing firms.

Today, BEMCO continues to enhance its capabilities to meet the new challenges of the 21st century.

KEY RESOURCES      

Henry M. Sarkissian
Executive Board Member

© 
2007 Bemco Contracting Co. (W.L.L.) Qatar
Developers and Contractors